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FOX Business
Dec 9, 2013 4:00pm EST
's wealth tax proposal cause wall streeters to move to main street? steve forbes talks about the potential implications of the new mayor's plan in just a moment. cheryl: they might be corporate rivals, apple, google, facebook are a few of the names teaming up to challenge the government surveillance programs. we'll take a look what they think the solution is. ♪ as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with thepark cascard from capital one, i get 2% cash back on ery purchas every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soot
FOX Business
Dec 4, 2013 11:00am EST
that. by your gifts online, paying tax, others don't, supreme court doesn't want to get in the middle of it. judge andrew napolitano has no problem getting in the middle of that. and then, consolidating your wallet into just one card. the high-tech idea could be the way we shop in the future. it is all coming up along with dagen mcdowell on "markets now." dagen: giddyup. changing out of the shirt you had done earlier and now you look more businesslike. connell: i will take that as a complement on both sides. i have no other choice but to check the market and talk to the judge. dagen: we have to hit your slender. we have gains on the market right now despite the better-than-expected numbers from adp, nicole petallides at the new york stock exchange. nicole: you mentioned adp, which was better. we also got new hom home sales numbers better than expected, we are seeing the market with three straight days of selling and they might have scooped up some opportunity. right now dow jones industrial of 41 points, a gain of one quarter of 1%. microsoft hitting new highs, goldman sachs and unite
FOX Business
Dec 9, 2013 1:00pm EST
listing means for the exchange. lori: big tax fighting back, some of the sector's biggest names callin: on washington to b government surveillance. their plan straightahead but first time for stocks now, let's head to the floor the new york stock exchange with nicole petallides. stocking sendin extending fridag jobs inspired jump. nicole: that is) jobs inspired jump, without enough to push us over the unchanged line for the week but we did have a nice gain on friday, 200 planes worth. today adding 19 points, that pales in comparison but still end up arrow nonetheless. at least has been kept to the upside up about one-tenth of 1% to a quarter of a percent. it is worth watching the s&p, it is up nearly 27% this year, which is the best year we have seen since late 1998. we have a big deal today. talking about the food company, u.s. foods reached a deal to merge. the total enterprise of the transaction everything included is actually over $8 billion. up 11.5%. back to you. adam: so, deal or no deal. negotiators in the house and senate work to hammer out a budget deal before the house leave
FOX Business
Dec 4, 2013 1:00pm EST
should not be fooled by that. ashley: commuting get as little more taxing. the amount of workers can put transit costs cut in half by congress. at least those with the train. that is outrage. tracy: because they have drive evers? in tech minute we'll review lg's curved glass phone which is about to hit the store shelves. ashley: the dow has been down over 100 points for a long time but as you can see, desperately trying to make a comeback, down 99 points or there abouts. the market has been under a little bit of selling pressure these last several days. get breaking news on the fed beige book. peter baron's with the details. peteer? >> hey, ashley and tracy, the beige book for november says the economy continued to expand ad a modest to moderate pace from mid-october through mid insofar as november and the report does not appear to tee up tapering of bond purchases cuttings back on quantitative easing in next two weeks when the report will be used by policymakers. this reports e has the same language on the economy and job creation as the last meetings on beige book in october when the f
FOX Business
Dec 2, 2013 9:20am EST
. a low rate flat tax, spending restraint. you know the drill. it's all there. and that, this is all a consequence of very bad economic policies by this administration and congress, especially the senate and they've put through a lot of tax increases this year and you're seeing the consequences of it. look at what obamacare has been doing, it's liighths catastrophe and why would you expect something really good to be coming out of this mess? i wouldn't. >> i think we've had this conversation before. >> yeah, we have. >> unfortunately. are we going to have it again in a couple of minutes? because i question whether you're going to get any change in economic policy in the next three years, i don't think you are, but i'll come back to you on that one in a second, okay? >> it's a deal. stuart: i want to move on to amazon's chief jeff bezos on 60 minutes. he showed off a flight of amazon experimental delivery drones. yes, drones to deliver packages. keith fitzgerald is with us, keith, he's looking like the new steve jobs and amazon is behaving like apple. >> he's defining innovation and
Dec 3, 2013 9:00am EST
names. >> stocks up, too. you're not going to have that big tax loss fear. a lot of people saying i can find inexpensive tech, i don't need to go into the cloud. although apple is saying this is about ibm being wrong and apple being right. >> there has been an expectation of a china mobile deal. >> yes. >> unbeknownst to most people who hold the stock. that being said, 740 million china mobile subscribers, there is a fairly large audience they could conceivably be addressing to try to buy smartphones. >> do you remember the conference call that was the open rebellion against tim cook? it was withone of these things e i thought it was 1948 where stillwell had just lost china and now he's making a move. he did not lose china. >> we'll see. that fortune story has a lot of people talking about whether china mobile makes a big move in this direction, having not carried their phones till now. >> maybe samsung -- don't hear a lot about samsung having a revolutionary new phone. >> no, although they've got a lot of new patents, they're going to do the curve thing or fold thing. >> maybe they hav
Dec 3, 2013 6:00pm EST
that would work? >> sure. we have identified grants loans and tax benefits that could be used. let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th percentile. why are we providing tax benefits and that some $7 billion a year to folks in the top income quintile. why is it that mitt romney -- i have three, 529's but why can mitt romney get tax benefits attached to it when he is students need of pell grants? closer to an attack site but i think there are others in the committee's jurisdiction. >> that is an interesting concept and we may follow up with you. the other is financial incentives to borrowers that have ffel loans to get them to convert their de
Dec 4, 2013 6:00am EST
. >> they have to cut some deals. sears was a big -- >> right. but the tax revenues, whatever you get there, you're probably losing it as people leave unless you do something this. don't get me started. >> well, the governor said even though the senate passed it, the house -- >> they didn't have an auto industry or a bailout in illinois. that's purely just mismanagement of the whole pension situation. >> but it's failing to put the money in they've promised he year. there's a lot of states that promise these things and -- is. >> the whole detroit thing we'll talk about. it's a tough one because on the nightly news you'll see every retiree. they'll say, if a dollar is cut out of my pension -- >> and by the way, tier not making massive pensions. >> i know that. but right now, there's no city services. >> and detroit is a unique situation because you have seen a loss of the people living there. you can no longer support the infrastructure that was there for 1.5 million people when you see the numbers decline. >> and the journal has a piece and it sounds cold and heartless, but if public unions are
Dec 6, 2013 9:00am EST
. >> are you going to push for a decline? sales to encome tax and then have a bank where you have a bank and put in $3 trillion, $4 trillion? you know can you do that if you push for it. >> i wouldn't doing repatriation holiday. i'd reform our tax code, bring the down, wut the loopholes whuch do that, you get some transition revenue. you can put that in a grand barg en kb. >> wool see youneck month. >> good morning, everybody. happy friday. what a rally we've got going here. whatever happened to fierce of tapering? we got cyclical groups, the telecomes, health care, defensive groups. we're up right across the board, folks. it's been a very strong rally right at the open but not strong inform a mr. one guy said it threads the needle perfectly. people putting together a list of what the skmik news looks like this week. here's a look for the bulls, gdp numbers very strong overall. auto sales, over 16 million, the highest in six years here. october home sales were the highest since june 2008. highest in manufacturing, highest in two and a half years and cyber sales were up 20% on monday. >>
Dec 5, 2013 10:00am EST
% to 10%? certainly. >> what about taxes? don't other aspects of tax reform like closing loopholes and changing the deductibility -- aren't they much more important for your business? >> that would be a material negative to our business. >> are you afraid of tax reform? >> no. the market will adjust. our business will go on. it is happen in places like germany and denmark. happened in places like germany and denmark. it will not be catastrophic for our business. would it be good? no, it would not be good, but i do not see it happening. it is an underpinning of the economy. achievea good way to that. >> let's talk about what you are doing in europe. you move from london to the u.s. 18 months ago. is that giving us a signal that the opportunities are here. no, i was 11 years in london and i wanted to raise my kids as americans. there are great opportunities in europe, but the u.s. is relatively more attractive because in your up you will have more volatility and lower growth. return -- youter ought to earn a better return in europe then the united states . being very selective. we ha
FOX News
Dec 7, 2013 3:00pm PST
jobs are fine. the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite the opposite, laying people off and keeping them below full time until this obama care problem is solved. >> i'm going to give you a moment to respond there. let me jump in there. where rick leaves off. of course we know a steady climb in employment is better than being stagnant. apart from what rick is considering obama care as a blocker, what would you say are some of the blockers that are preventing more robust job growth to the point where we have that happy days are here feeling that permeates the air? >> i don't think obama care is the thing that is doing it because frankly i think most larger groups, corporations actually provide health care. i thin
FOX Business
Dec 4, 2013 9:20am EST
of the money is saved by being more efficient in medicare and medicaid and half are on taxes by people who should the. stuart: you want people to sign up. you want them to put their personal information, give you another chance, that is your you say you put yourand say you personal information, you're an architect of this, but your personal information into this and it is secure. >> i put my personal information on the web site when i was trying to look for information. i was very confident. stuart: what is it secure? >> you are asking me to guarantee something someone else has done. stuart: when you are telling people sign up. >> i think it is a good deal. stuart: you won't secure their in formation. >> it is a good deal. stuart: you have any personal liability? suppose we get identity theft down the road. are you liable? no, you are not liable. dr. -- it was fun. thank you very much. back to the markets, check the big board. we are down just two points. that is what we got you. the price of gold is down again, it was up earlier, the price of gold up by 1226. to nicole petallides at the t
Dec 7, 2013 5:00pm PST
, the prize split three ways, each winner took home 300 million after taxes, not to complain about that. one prize was actually never claimed. a single winner in tuesday's drawing would take home $184 million in cash. >>> coming up next, we continued to track the severe weather all around the country where snow and ice are causing problems for drivers and property owners. we'll be right back. i minut . >>> the winter blast we're feeling here in the bay area is also being felt across this country, oregon is digging out from heavy snow, and in texas, temperatures during the week gave way to freezing temperatures and closing schools, cancelling more than a thousand flights. today's marathon in memphis, tennessee was also cancelled. road crews across much of the country are bracing for a very busy weekend. it is a mess out there. and here in california, check out the time lapse video showing the snow that built up overnight. they reported seeing 18 inches of snow by this morning. meteorologist anthony slaughter is keeping track of all of this. it is cold out there. >> being from boston, of cours
Dec 9, 2013 5:00pm EST
and come april when the tax increase comes in, it is going to fail. i'm with you. i'm long nikkei. >> at the same time, the monetary authority is going to have to do whatever they can to overcome that failure. >> number two. >> number two you want to own gold in yen terms. it's been a terrible trade. i just went to north carolina state. we're not an ivy league school but i know that 7% loss is a lot better. >> every time you say buy something in other terms how do you do that? >> it's very easy. you can buy gld, buy $100,000 of gld and sell $100,000 of the etf for the yen. it's not as difficult as it sounds. and i bet that somebody comes up with an etf to do exactly that. >> where do you expect the yen to be? >> 125 to 140. >> so for your trade, then, are you also short yen? >>s yes. it is the same trade. you have got the same trade on twice. you have got understand that. if you have gone short of the yen you have gone long on the nikkei. >> number one later on the n the show. >> see you later dennis. pops and drops. big movers of the day. big pop for soda stream. >> yes, after op
FOX News
Dec 4, 2013 2:00am PST
thousands of tax payer dollars. ♪ >> a little slice of heaven. some angels showing they can do a lot more than strut their stuff down the runway. life could be hectic. as a working mom of two young boys angie's list saves me a lot of time. after reading all the reviews i know i'm making the right choice. online or on the phone, we help you hire right the first time. with honest reviews on over 720 local services. keeping up with these two is more than a full time job, and i don't have time for unreliable companies. angie's list definitely saves me time and money. for over 18 years we've helped people take care of the things that matter most. join today. >> after being trapped inside of a sunk ep ship for three-days he is rescued. >> what's that? >> he's a live, he's alive. >> can you believe this? the video now going viral showing the amazing moment the rescue crews found him alive. he was nearly 100 feet under water in the atlantic ocean. the just released video is from may. the 29-year-old cook was one of 12 men on board that ship. he is the only known survivor. that's amazing, ainsley.
Dec 5, 2013 9:00am EST
and your tax rates, they're paying a very low tax rate. >> i know. i covered that as a reporter for the l.a. examiner when i wasn't covering homicide. and i said, boy, the rich people get richer and richer. at that point, i was very involved in the unions. it was an early precursors to what happened. i led a wildcat strike once in my life. >> did you really? >> yes. i did. we got completely annihilated. >> you've done so many things. >> i was one of these protesters. you have to boycott jp stevens? i was wearing jp stevens clothes. everything i did was -- >> one man at a time. >> it was such a disaster. every time i got involved with unions, it was bad. you didn't want me in your union. >> let's get to pisani and see what's moving dow down 25. >> modest declines, moving 279% on that better than expected gdp report. electronic stocks, housing stocks getting hit more than the rest of the markets. gold getting crushed again today. mentioned the gold miners, five-year lows that we've seen recently. i want to take up your question this morning, jim. because i think that's the right question on
Dec 2, 2013 12:00pm PST
of common ground there. republicans do not want to raise any taxes. democrats say we're not going to do what you want if you're not going to do what we want. where do you find common ground in the circumstance? there's not a lot. a lot of people are predicting they'll make very small changes around the margins, that's what i suspect will happen. >> when you say the narrative that way, it does tilt it a little bit. proposed social security cuts in his own budget, something that tour'e's point, elizabeth warren is actively campaigning against. i wouldn't say they were on the 50 yard line. they were looking at social safety net requirements and that's wasn't enough for republicans to go anywhere in revenue. >> that's entirely fair. when you look at the republicans you're looking at the political party that is now -- its base is elderly people more than anything else. on the one hand ideologually want to curtail social security and medicare and political base that says don't take our social security and medicare away. they are in the position of saying, democrats you propose the social security
Dec 3, 2013 3:00pm EST
think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a different fund if you need to. take the loss, put it in your pocket if you don't need it and carry it forward. tax law accounting is huge in investing. >> we've been out of the muni market for the past 14 to 15 months when munis started getting back over 5% we've been a buyer. we've been aggressively buying municipal bonds. >> rob morgan any opinion on that before we go, quickly? >> absolutely. i think having a portfolio for individual investor tilted more toward short end and rising rate environment makes sense. i think detroit bankruptcy spells trouble more for retirees on pension plans more for than m
Dec 9, 2013 4:30am PST
not have another government shutdown, that we keep the spending caps in place, we don't raise taxes at a time when the economy is still weak. >> they have to agree on a defense spending bill and the farm bill which includes cuts to food stamp benefits. the timeline is get this done, just got shorter as some are traveling to nelson mandela's funeral this weekend. >> just when you thought the coined shopping days were behind us turns out today is green monday. that term was coined by silicon valley based ebay back in 2007, after the company saw a big increase in online shopping the second week of december which is where we are now. last year online shoppers spent more than a billion dollars on green monday and they could break that this year. analysts predict another round of discounts raging from 30% to 50%. this morning several bay area based tech giants like apple, google and facebook call on president obama and congress to overhaul surveillance laws. we turn to mary thompson live at cnbc world headquarters. good morning. >> good morning to you. we're taking a look at the futures,
Dec 2, 2013 5:00pm PST
for tax credits. officials say the market place offers employees and employers more options. >>> president obama pledged to continue the fight against aids here in this country and around the globe. he spoke at the white house of the advances the u.s. has made. >> today i am proud to announce we reached our goal, we exceeded our treatment target. helped 6.7 million people. >> yesterday was the 25th anniversary of the world aids day which was marked with ceremonies around the globe. that large ribbon hangs in observance of world aids day. >>> a new poll finds a growing number of voters are critical of president obama's job performance. 51% approve of the president performance. 43% disapprove. the rating is about the same as 5 months ago but those who disapprove has grown from 35% back in july. figures show the president's job performance suffered when asked about his handling about healthcare and foreign policy. >>> in for a change in the weather. let's go to our chief meteorologist bill martin. there will be no mistaking this change. >> big changes. this is a cold weather system. cold sys
Dec 2, 2013 2:30pm EST
and medicare. they're going to get savings better known as cuts. a that budget also included tax cut that was paid for with an asterisk, meaning the ways and means committee and appropriations committee would have to figure out how to fill the $5.7 trillion hole. arithmetic requires you to recognize you can only fill the hole by either raising taxes or additional cuts. now we know that republicans are opposed to tax increases and the only real big ticket item left that could come anywhere close to filling that hole would be social security and medicare. the only thing on the table left to pay for that the c.b.c. budget does not include an ast risk or other budget gimmicks. our budget outlines a concrete plan that makes tough choices and presents credible options to achieve our budget reduction targets. the c.b.c. budget calls for revenue enhancements totaling $2.7 trillion over the next decade. our budget outline house the house ways and means committee and the senate finance committee can reach this number by highlighting several revenue options totaling $4.2 trillion that could be
Dec 5, 2013 6:00am EST
spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we are getting there. we want to have this agreement be a part of what can further support economic growth and job creation. sequester, replace which are cuts to discretionary , replace that with longer-term issues. we maintain deficit reduction in , but for right now, what we need now is a little more that. that is one of the most important parameters. >> one of your most important priorities is -- >> replacement of the sequester. cuts across the board. the sequester was a tool that was put in lace -- it was a threat. -- put in place. it was a threat. we are in a situation where both republicans and democrats -- no wa
FOX Business
Dec 3, 2013 9:20am EST
's purchases. and then the gold coins tossed into salvation army kettles with no recognition or tax break for the giver. this runs against the grain what you've been hearing about america. there's a constant drum beat about mean corporations and c callous americans and in short, the left hates charity and they want to take it because you've got it. i think we're going through a bad patch, actually. the real america is still there. it's just lost its public voice. that's why the mystery tipper, the layaway angel and the coin in the kettle stories, that's why they're so important. they remind us that america is a generous country and americans are quite prepared to give anonymously and without reward. it's a great country. ut fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on
FOX News
Dec 9, 2013 8:00am PST
they qualify for tax subsidies to lower costs. there are so-called back end problems the way customers get information to insurance companies may mean some people who think they are signing up won't actually be covered. earlier this morning on "fox & friends" former vice president dick cheney said the long list of issues with the law is evidence that the government should stay out of personal health care. take a listen. >> the idea that the government that can't bring us a website that will function effectively is now also going to deliver a better health care system, i just find ridiculous. if you can't design and run a website, what the heck are you doing messing with the health care system of the united states? jenna: peter doocy is live in washington with more on this story and has been looking at the website since it launched, peter. what can customers do today and see today they couldn't on launch day? >> reporter: jenna it is very easy to see your deductible and out-of-pocket costs right next to your potential premium and that information is available for the first time on one scree
FOX News
Dec 9, 2013 12:00pm PST
, and that means when you're having your tax money taken from you and spent you have less control over your own life. >> for me it's that the extremes are talking to much. i wouldn't want to hear from them so much. i'm not talking about moderate and the way you conduct your lives. i'm talking about the crazy people on the end. they're often the squeaky wheel. >> it's deafening. >> you're going to keep us away from crazy. >> we're going to cut through the chuter and have a nice dialogue because we're not into shouty. >> guess what the name of the program is, the independents. the emerging class that will help change this nation or not. >> the majority of americans consider themselves to be in they are no longer tetheres to one of the 0 two major political parties. >> a lot of them used to ride elephantses or donkeys and now they have abandoned the animals. the program is every week day night exempt thursday. >> because toes stossel -- stossel is on. >> you should give it a shot. i'm not saying this to megyn -- >> tonight maybe hash tack dvr megyn. i love her. >> we all love her. she is going to
Dec 5, 2013 5:00am PST
are wanting residents of a jump in mail theft. a property tax check was stolen from the curb mailbox. to avoid becoming a victim, use the big blue mailboxes at the post office when you sending payments in the mail. >> fremont police hope you recognize this man and help capture him. detectived posts this surveillance video on youtube showing him going through a drawer during a home break in. miss have not revealed what was taken which happened snowed >> 41 is the warm spot but the cold spot is what? >> in the mid-20's. we could see changes and we could see 19 before all is done in napa. live doppler 7 hd shows this morning there wasn't any frost because it was so early. it was too early. by now, though, you are dealing with that and the trees warning through friday morning. we will look for the sun after 7:00 and the coldest temperatures after sunrise and what you are dealing with if san francisco, 41 and where we do not have the freeze warning but in oakland below freezing and 28 in redwood city and hose has dropped to 30 and los gatos and half moon is up a few degrees. san francisco will be w
Dec 4, 2013 9:00am EST
to pay the tax year? >> there's a lot of people positioning themselves for a big number on friday in the nonfarm payroll. they say why not teak profits. alternatively there's a vacuum of information and people say i got a great year. i'm concerned only that when you get to 3 there will be another wave of selling and that may be when you buy. that wave of selling. not this wave. >> do a little picking. always good to pick. >> we did come into this week giving all the reasons why there were very few reasons to sell. >> and that was bad. i fell into that complacency. by the way, there is one place where we saw -- i want to point out i like oil here. you have opec saying all the right things, you have no real cutbacks. you have this glut finally ending because you finally got the selling keystone part out of curbing. that is very good for the domestic oil companies and not so good for the refiners. >> the biggest losers this morning, valero -- >> a lot of people said goi goto get into refineries, i got to get into refineries. michelle caruso-cabrera yesterday with a fabulous piece abo
Dec 6, 2013 3:00pm EST
side of the businesses, we're hiring in audit and tax space as well. >> wow. obviously, this is going to continue to be a source of growth. the complexity today for any company. they almost have to have someone who's a specialist to deal with these kind of operations. i wonder, for the people you're hiring, we hear sometimes about this bifurcation of the labor market. do you find there's a surplus of workers? >> i hear for years we'll have trouble finding people and for years we're still hiring people. i think people have learned that noting and consulting are good professions. they go to school, even in the job reports it's amazing the differential in employment if you have a college degree versus not a college degree. so, they know there's jobs available right now in those industries. we're -- we seem to -- we seem to be doing very well hiring. the other key is developing them. >> so from your perspective, based on what you're seeing with your clients, how do you assess the economy and the jobs market right now? >> first, most ceos -- cfos are hesitant. their confidence waned in the
FOX News
Dec 5, 2013 8:00am PST
, doug. >> we had tools that have been very successful. earned income tax credit is great track record moving people from non-work to work. it could be reformed. right now misses too many single men who don't have children. there are things we can do. this would be a bad idea. i think christian's point about, it sounds like a good idea is worthying hard about because take the fast-food workers. suppose we raise their wages to $15. that is going to show up in higher fast-food prices and by and large consumers of those goods are lower income americans. and seems like a strange antipoverty policy to take money out-of-pocket one poor person to put night the another. i admire the passion but doesn't add up. jenna: christian, it is interesting, one of the arguments against raising minimum wage some of these fast-food joints will turn to automation. we have some photos from a few decades ago from the auto mat. put a quarter in and get a meal and, you know one of the questions would we go back in that direction. what do you think doug has to say, we would be investing in the wrong place? it is
FOX Business
Dec 3, 2013 4:00pm EST
the obamacare tax credit could be susceptible to fraud. they're asking the irs to improve that system. back to you. david: so many details. thank you, rich edson in d.c. thanks a lot. liz: now we've been covering this from the beginning. a battle royale in the console wars this holiday season. gamers and investors listen up. sony playstation 4 and microsoft xbox one have both already sold millions of consoles but which one will come out on top? david: also, one in four college women are using the lulu app. have you heard about this? it allows women to rate men mom r anonymously. we have an exclusive with the ceo and her plans to make a lot of money off this craze. you want to stay tuned for that. ♪ in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative rean serio
FOX Business
Dec 4, 2013 4:00pm EST
by $6000. before federal tax credits and other incentives. the eu fines six institutions a record $2.3 billion for rigging benchmarks. including deutsche bank, world bank of scotland and citigroup. and another big-name red sox player trading his boston boss m to join the new york yankees. jacoby ellsbury is reaching a seven-year deal with the yankees worth $153 million. $22 million per year. that is a lot of money. liz: go indians. stop. they are always laughing at me. keeping up has always been expensive and a little bit laborious in the process. but new college pals creating buzz by bringing fashionable chic glasses at affordable prices. coming up we are talking to the cofounder neil blumenthal on their expansion plans and how they're going to take the world by storm. david: and while the market has closed lower over the last four sessions could stocks be set for a little bit of a rebound, a little bit of a pullback? we talk to why he thinks the market will resume their rally and now is the perfect time to get in. he will tell you where to get in coming up. clients are always learn
Dec 9, 2013 5:00am PST
shutdown, that we keep the spending caps in place, we don't raise taxes when the economy is weak. >> they also have to agree on a massive defense spending bill and the farm bill which includes cuts to food stamps. the time to get it done got shorter as some lawmakers are traveling to nelson mandela's funeral. >> chilly, make it cold, in the 20s in places. low 20s in some. frigid is right. >> let's see other words. >> frosty, i don't know. it will get you out of bed. what i can tell enthusiasm is about as cold as it gets around the bay area. 23 is cold even in the north bay, 37 in san francisco. east bay at 31, and here in the south bay we're starting out at 29. the good news it's all uphill from here as we head throughout the next couple days. this is the coldest it's going to be for a morning expected this week. that's the good news. want to take you through what we are on the way toward. it's going to be cold until about 11:00 a.m. then temperatures are going to climb out of the 20s and 30s into the 40s and 50s. look at these numbers. 22 in petaluma. the city has fallen to leve
Dec 6, 2013 5:00am PST
driving down property values and costing the city hundreds of millions in tax dollars. it's also more expensive to finance a home this week. according to freddie mac, the average rate on a 30-year fixed loan jumped to 4.46% from 4.29% last week. the rate on a 15-year loan increased to 3.47%. well, brace yourself because milk prices could double next year to $7 a gallon. that's if congress doesn't reach an agreement on a new farm bill by january 1. and it's not just milk we're talking about. we could see higher prices for other dairy products like butter and cheese. at issue is how to restructure subsidies that the government offers farmers. and it turns out it does cost more to eat healthy. researchers at harvard university found a diet rich in fruits, veggies, fish and nuts cost about $550 more per person per year. starting today starbucks is offering a $450 metal gift card for the holidays. it comes preloaded with 400 bucks but you will have to act fast. last year, all 5,000 of the deluxe cards sold out in six minutes. this year starbucks is only offering 1,000. you can't buy them i
Dec 9, 2013 9:00am EST
with over the long-run. it wouldn't close any tax loopholes. those things have proven too partisan for these budget negotiators to tackle. yesterday, in the nfl, the kicker for the denver broncos made a 64-yard field goal. record for the nfl. this is more like a 6-yard field goal. they haven't kicked it yet. i do think they will before congress goes home. it is a minimum achievement for people to cheer about. >> john, it is interesting when you talk about some of the little sticking points here. one is the benefits for the long-term unemployed. that is making up a record percentage of the people in this country who are unemployed. do you get the sense that congress is looking at the jobs report and saying, hey, maybe we shouldn't move the needle on that right now? >> i think that is difficult in part, because when you look at the size of this deal, we are only talking about $90 billion over two years of lifting the sequester caps and replacing them. it is more of a reshuffle. the unemployment extension would cost $25 billion. that is a very large chunk of change to add on to that p
Dec 9, 2013 6:00am EST
fees, things like that. but no mage deer sigses here on taxes or entitlement programs. they're kicking the can down the road. dick doiben the number two senate democrat said negotiations are going in the right direction. >> negotiations are making progress moving in the right direction. they haven't closed the deal. >> they haven't closed the deal. what's needed to close the deal? >> there's some issues out there, sticking points. if they replace the sequester cuts there's going to be criticisms for the idea they put in place. one is asking more federal employees to contribute more to their pension programs. this is adamantly opposed by a ot of federal workers. that's one issue. there are also questions about whether you extend unemployment benefits, emergency unemployment benefits. nancy pelosi would like to see part of the package. but that still is a question mark. it's going to cost about $25 billion. then the bigger question is at the end of the day can whatever ryan and murray put together, can it pass the respective chambers? there's still going to be some drama when this comes
FOX News
Dec 2, 2013 8:00am PST
websites run by private firms enjoying monopoly power. dealing with tax filing. bureaucrats will have easy access to sensitive personal data which obama administration political moles can use to target, harass and sometimes destroy critics and simply occupy millions hours of citizens time could be used more productively. what do you think about the way professor morici sees it there? >> i think he makes a lot of fair points. the administration always claimed was the only problem was the glitched website, once it is fixed everyone would be happy. americans in 36 states relying on, they haven't been able to go on there themselves and see how much are their rates going up? are they going to keep their doctor? millions and millions of americans who haven't been able to see that will find out this month and a lot will not like what they see. there is one study, more than half of people on the individual insurance market right now will not qualify for any subsidies whatsoever. factor in people whose subsidies will not make up for increase in cost, a majority of people will pay mor
Dec 2, 2013 7:00am PST
'm going to pay for tax and shipping. then it will show the rating -- they have no rating at the top four. do i want to use them? i want something more reliable even though it's a few more dollars more. and search for, say, a barbie dreamhouse play set. $128 on line is the best price. $159 nearby. and it shows you all the different options. >> right. >> will they include shipping? >> all right. hold on -- >> yeah, all the shipping prices are here as well as the tax. then they total it for you. they bottom line it. >> you are a delight. >> thank you. >> are you a delight. thanks for having me. >> and we don't use that word lightly. do you know who we delight? we adore this lady. best-selling author from hollywood. she is big-time. she finishes off her trilogy coming up after this. she's shooting a movie, very fancy. hungry for the best? it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition...
Dec 9, 2013 7:00am PST
following the forecast on the national front for it this is stretching he said erica from taxes all the way to the east coast. >>: yes. it's not so bad. this winter storm has pushed its way over to the ohio valley all the way to the mid atlantic. satellite and radar shows plenty of snow. we've seen up to 3 in. and portions of pennsylvania and isolates for baltimore mayor land, new work in delaware where it is a little warmer above freezing. -newark, delaware. as we take a closer look at the travel forecast, we have thousands of flight cancellations. although we think it's pretty frigid. that's nothing compared to what we are seeing for the rest of the country. taking a look at afternoon highs. minneapolis and high of one degree. we have several winter storm warnings issued across the entire east coast. that is something we will continue to monitor into the afternoon. here's a look at temperatures right now and the bay area san francisco closer to freezing at westport oakland 35 degrees out the door and oakland in daly city checking and 38 degrees. will not go any lower. we've already kids a
Dec 4, 2013 3:00am PST
of opportunities from that side of the investment sneftd traditional oil and minerals and all that sort. >> the tax sector in columbia. >> terrorism is a global problem as opposed to a regional problem. what specifically can columbia do working in conjunction with the united states to condition combatting global terror? >> we have learn and paid a very high cost in our war against terror and against drug trafficking. we have know how. intelligence and we have probably the best trade police and elite forces in all of latin america. we are training more than 17,000 soldiers or policemen from central america from mexico. from other areas. we can continue to work together. terrorism, you might terrorism with different instruments. one of them is intelligence. that is a key issue. >> president juan manuel santos, thank you very much. >> number four, the number four worst opportunity they are ranked fourth on the planet. >> that are is exciting. all right. i hope we don't get columbia. >> in the next round. >> up next, making things happen. that's giving a big boost. how they are bringing healthy eating
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